Santa Rosa Hydroelectric Power Plant

The Project is a bundle of 3 small run-of-river hydroelectric power plants, with 2 km of distance one another, located in Lima-Peru, in the Santa Rosa Irrigation in the Sayan District. The Purpose of The Project is renewable electricity generation for the National Electric Grid (SEIN). The Project installed capacity and projected yearly average generation is 4.1 MW and 30.2 GWh per year, respectively.

The Project is expected to displace 98,436 tCO2e for the first crediting period (7 years), generating the equivalent amount of Certified Emission Reductions (CERs). The project has signed an ERPA with the World Bank Carbon Finance Business.

Baseline Scenario

Which emissions are the proposed Clean Development Mechanism CDM project displacing?
«Santa Rosa» project is a small CDM project that will displace from the national grid, some thermal power plants that use diesel, residual (bunker), carbon or natural gas as fuel, reducing in this way CO2 emission.
What would the future look like without the proposed CDM project?
The new additions in the future to the grid basically will be thermoelectric plants with natural gas in combined cycle plants replacing most of the other plants with other plants with oils, of all types.
The project will assist the National Grid to keep thermal plants shut and use them only as stand-by power generation, therefore, displacing expensive heavy fuel, diesel, coal and gas fired generation and at the same time; reducing CO2 emissions to the atmosphere by generating energy without GHG emissions.
What would the estimated total greenhouse gas (GHG) reduction be with the project?
According to the most recent version of Appendix B to the simplified M&P for small-scale CDM project activities («Appendix B»), the type and category of the project activity for The Project is: Type I: Renewable Energy Project . Category D: Renewable electricity generation for a grid. The World Bank Carbon Finance Business applied this methodology to Peru and got a baseline emission factor of 577 tCO2/GWh.
Therefore, the project of Santa Rosa will displace approximately 17,956 tCO2e each/year, which otherwise will be emitted by thermal power plants of the national grid.

Current Status

Earliest project start date
The component Santa Rosa II of The Project was commissioned in August 2004; Santa Rosa I will be commissioned in December 2005 and Santa Rosa III in December 2006. Therefore The Project starting date is August 2004.
Estimate of time required before becoming operational
Currently is in operation.
What is the project lifetime?
More than 40 Years
Current status or phase of the project eg: which of the following phases have been completed:
• Santa Rosa II is built, Santa Rosa I is under construction, Santa Rosa III will begin construction in January 2006.
• Has an ERPA and all National Authorizations including the letter of approval of the national designated authority on CDM
• The project has a PPA for five years and the finances are closed.

Estimated Emission Reductions

Annual: Since 2009 an average of 17,378 tCO2e

• Up to and including 2012: 115,814 tCO2e
• Up to a period of 10 years: 150,570 tCO2e
• Up to a period of 7 years: 98,436 tCO2e
• Up to a period of 14 years: 220,082 tCO2e

Project Benefits

• purification and cleaning of the water for irrigation;
• better electricity supply in the irrigation to be used for water pumping,
• increase possibilities for rural electrification around The Project Sites;
• serve as a small demonstrative project for clean renewable energy generation in the country functioning as an IPP,
• The Project Sponsor will give US$1 per tCO2e to social service in the rural area of the Santa Rosa Irrigation to be used either to support the local school in Santa Rosa or the local orphan asylum.

Project Participant and Financing

Total project cost estimate:
• Total Investment: US$ 3,660,000

Sources of finance to be sought or already identified:
• Financial agreements are closed. US$ 1,730,000 has been provided by the sponsor of the project Electrica Santa Rosa SAC. US$ 1,930,000 was debt and was provided by a local bank.
• Carbon finance contribution sought: An ERPA with the World Bank Carbon Finance Business has been signed. CERs revenues will be effective upon delivery.

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